Academic Background of Candidates
1. What type of graduates is MAS seeking? Does MAS consider only certain types of disciplines?We recruit graduates from all disciplines (except Medicine, Dentistry, and Architecture). We value diversity and seek candidates with well-rounded backgrounds and a consistent track record of academic and non-academic excellence. We also look for qualities such as integrity, analytical ability, communication skills, enterprise, leader-ship, team-player qualities and the potential to grow with the organisation.
2. While you consider applications from all disciplines, do you have a preference for certain disciplines e.g. accountancy, or business?
We do not have a preference for any particular discipline. We believe that tertiary education provides a good training of the mind and a sound foundation necessary for a professional career. Your adaptability and motivation coupled with the training available in MAS (both formal and on-the-job) would enable you to contribute positively to the organisation.
3. I have an Engineering Degree – how relevant is that to MAS? Do you take in only the very top candidates from non-business-related disciplines?
We want to build a diverse workforce that is multidisciplinary in nature. Our experience has shown us that engineers can contribute meaningfully to the work in MAS. What matters is that you must have a genuine interest to build a career with us. As for the quality of candidates, we maintain very high and stringent selection criteria for all candidates, regardless of discipline.
Definition of scheme/programme
4. What is the programme all about? What can it offer me?
MAS provides internship opportunities to both undergraduates (2nd to penultimate-year students) and postgraduates (with less than 1 year of working experience) interested in building a long-term career with us. Each year, exceptional students with an interest in a central banking career participate in our Internship Programme. Interns work on specific projects integral to MAS’ core responsibilities. The internship not only provides an insight into the work handled by MAS officers, it also allows you to feel the pulse of the organisation.
5. When could I apply for the programme?
For internship (May – September or November - January), applicants could start applying in Jan of each year. The closing date is around February of the same year.
6. I am a student studying overseas. Am I eligible to apply for the programme?
It is open to both local students as well as students studying overseas.
7. What is expected of me?
Interns will work alongside experienced MAS officers on a project related to the department’s work. Guidance and on-the-job training will be provided to the interns. In-terns will be expected to participate actively in the projects and to contribute their ideas to the projects. At the end of the internship, interns would be required to submit an internship report and if necessary, to make a presentation to a management panel.
8. What is the interview process like?
The Internship programme is part of our overall recruitment strategy. Its importance is reflected in the rigour of the recruitment process. The successful candidate will be assessed on aptitudes and his/her expressed area of interest.
Shortlisted applicants will attend two rounds of interviews; (1) group discussion and (2) panel interview with HR and line managers.
Where internship projects have been confirmed ahead of the interviews, applicants may also apply to a specific internship project, based on his/her interests.
Training and Career Development Opportunities
9. What happens after the internship?
Candidates who have performed well during their internship may be accelerated into the Graduate Officer Recruitment process.
10. What kind of career path awaits me at MAS?
MAS is unique! Firstly, we focus on making policy for the financial industry alone – an industry that is rapidly evolving. Secondly, we don’t just look at one element of finance – we look at all of it. This gives our role lots of depth and breadth.
We have broad oversight of Singapore’s entire financial industry, and Singapore’s economic position, in a way no one else has. It’s a broader perspective that makes the issues we think about important and intellectually challenging.
MAS doesn’t implement other people’s policies – we make the policy, the plans and the innovations that shape our country’s financial sector – and the economy as a whole.
At MAS, career advancement is based on merit. How far and fast you progress in the organisation depends on your performance and capability. Apart from vertical progression in the organisation, we also place emphasis on progressing you laterally across the organisation through job rotations. If you show the ability and the potential, you will be given varied opportunities for professional growth.
Besides providing training & growth opportunities to each of its staff, MAS emphasises on teamwork and the notion that more can be achieved as a team. This has encouraged sharing and cooperation among colleagues that created a friendly environment to work in.